General Tensor announces the completion of its acquisition of @BackpropFinance, a subsidiary of Tensorplex Labs, which is one of the decentralized trading platforms with the highest trading volume in the Bittensor ecosystem. After the transaction, General Tensor will cover approximately one-third of the trading volume on the Bittensor network. Previously, General Tensor had raised a total of $5 million through Pre-Seed and Seed funding rounds, with investors including Digital Currency Group (DCG), Lvna Capital, and Good Morning Holdings, led by Lok Lee and supported by Goldman Sachs. Backprop Finance currently mainly serves the Bittensor Dynamic TAO (dTAO) subnet, providing token exchange and subnet filtering services.

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